XRP Price Ready for a Big Move: Finding Out When and How

On the daily chart, XRP shows signs of an imminent significant price move as Bollinger Bands tighten. Historically, squeezes signal low volatility that precedes sharp breakouts, either upside or downside.

Bollinger Bands measures price fluctuations by plotting two standard deviation lines around a moving average, a key indicator of upcoming volatility.

Charts point to the Bollinger Bands squeeze, which has generally narrowed the bands. This means that XRP is in a consolidation phase.  Previous squeezes have preceded big price swings, so market participants are preparing for what could be an explosive move in XRP’s valuation.

XRP Price Declines 10% Amidst Market Weakness

Over the last 24 hours, XRP price has fallen 10%. CoinMarketCap data indicates the same downward trend, down to as low as $2.80, but the price attempts to find support at around $2.98.

Investors are actively repositioning themselves, as evidenced by the sharp rise in trading volume (+388.70%), ahead of the anticipated breakout.

While plunging, XRP still has a significant market capitalization of $171.81 billion, indicating that institutions’ interest in the asset remains high. Moreover, the growth in selling pressure, demonstrated in the red market volume, implies that short-term downside risks might endure.

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Technical and Market Analysis: Will XRP Rebound?

Looking at 2-hour timeframe XRP charts, which is on the day trading pair XRP/USDT on Binance. On the price action, you can see clear range-bound consolidation in blue, with a few attempts to break out, then a rapid decline, and a big run higher again.

Therefore, it appears that XRP tries its crucial support and resistance levels before making up its mind. The recent series of green candle stick patterns suggests that bulls are now taking control of XRP’s market.

A closer look at the volume delta shows huge buying and selling pressure volumes. XRP recently was hit with strong selling pressure, and a look at the volume delta shows sellers significantly outnumbered buyers, causing prices to fall. As the price rebounded, we can clearly see a shift in volume, which means buying is back again.

The short term, however, remains sideways. In the bigger picture, the overall trend is still bullish, with XRP rallying to this current sideways phase. This, however, could cause more sizable falls if sellers drive the price under $2.80.

On the contrary, a break over $3.10 could pave the way for further upside action and a test of $3.50 (or higher).

Bollinger Band squeezes have historically led to movements for XRP. In past cycles, the price surged by 20–30% in days when similar tightening periods occurred. According to history, XRP has a chance to push up to $3.50 or $4.00, so long as the uptrend has legs.